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Homework answers / question archive / The table below shows a monopolist demand curve and the cost information for the production of its good
The table below shows a monopolist demand curve and the cost information for the production of its good. What will their profits equal?
| Quantity | Price per Unit | Total Cost |
|---|---|---|
| 10 | $100 | $100 |
| 20 | $80 | $400 |
| 30 | $60 | $800 |
| 40 | $40 | $1,400 |
| 50 | $20 | $2,400 |
a. $1,600
b. $600
c. $1,200
d. $1,000
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